20/9/2009
Sakshi : 17/9/2009
Eenadu:16/9/09One Micro Soft Multi media - has collected lakhs of Rupees from the students in the name of computer education and turned its board. As a result several lost their lakhs of rupees.
eenadu:16/9/2009 City Limouzines India Limited, a finance company, wound up business in the city on Tuesday by duping scores of customers. The quantum of the financial fraud is yet to be ascertained as the police is yet to verify the transaction books.
About 50 customers, who came to know of the fraud, rushed to the city branch office of the firm at Abids.On noticing the office was closed, they approached the Abids police station. They demanded that the company chairman, Mr Vikas Mehta, be arrested and their money returned to them.
The police booked a case against the company at around 8.30 pm under Section 420 (cheating) of IPC.
According to a complaint lodged with the Abids police, Mr Vikas and others floated the firm with its head office in Mumbai. It is alleged that the company was operating with a fake RBI licence since 2006. Its registered office is said to be located in Mumbai.
An investor from Golnaka, Mr M. Srinivas, said the company's regional manager, Mr Wajid Khan, lured them into investing their money. The company had issued preference shares in the name of City Realcom Limited, and lured gullible investors by asking them to invest a minimum of Rs 1,30,000 with a promise that the investor would get a monthly return of Rs 7775 per Rs 1.30 lakh. The company paid interest every month for three years, but its cheques started bouncing since August.
Another victim of the firm, Mr Layk Ali, blamed the police for its failure to check the menace of fly-bynight firms. "The police punish ordinary motorists, but when it comes to financial fraud, they turn a blind eye. The Abids police does know that a fraud company is operating in its vicinity,"he alleged.
Hyderabad : 15/9/2009Black Mail and cheating by the TV reporter.
One person cheated and black mailed one Advocate and looted cash Rs.1 lakh.
Preplannedly one person called the advocate that one lady is waiting for him at Tarnaka and took photo graphs of Advocate and that lady. Thereafter start blackmailing that he would telecast in TV and demanded and took Rs.1 lakh and again demanded Rs.4 lakh.
Hyderabad 15/9/2009Cheating of Rs.30 lakh in the name of Ladies emporium at Kukatpalli.
People are requested be care of such activities.
Precautions to be taken at Banks and ATM centres:
Hyderabad: 15/9/2009 
Eenaadu: 11/9/2009 
Eenaadu: 11/9/2009 There was an online cheating of cash Rs.1 lakh in ICICI Bank. The Modus operandi is that one E-mail request was received by the customer that account details are being updated and asked to furnish the password details. After receipt of the credential details, the amount in the account was credited to other accounts and was withdrawn in Mumbai.
Some fake notes are being received in ATM counters. Please be cautious.
WARANGAL: The GoldQuest scam rocked Warangal district with police booking cases against District Medical and Health Officer Vijayapal, 32 prominent doctors and 30 other professionals for allegedly duping people through the network. The cases were booked at the Geesukonda police station in the district as per the directive of the IIIrd additional magistrate court here on Saturday. In response to a petition filed by a Vijayawada-based NGO — Corporate Frauds Watch Society — the court directed the Geesukonda police to investigate the case and submit a report. They were booked under sections of the Prize Chits and Money Circulation Schemes (Banning) Act 1978, as well as IPC 420, 385 R/W 34. 
Around Rs 300 crore was swindled this year in the state. Crimes by non-banking financial institutions and real estate-related crimes lead the list.Hyderabad, Cyberabad, Vijayawada, Karimnagar, Guntur, West Godavari and Visakhapatnam lead the list for such crimes.According to the statistics of the State Crime Records Bureau (SCRB),
Money Circulation Schemes
Hyderabad Police Alert :Jan 07, 2009 A fraud to the tune of Rs 12 crore has been discovered following the arrest of a person who allegedly duped customers by organising schemes of multi-level marketing, police said today.
Kanamarlapudi Surendra Babu alias Gupta was arrested based on a complaint of a customer that the former was cheating people with his marketing schemes, a senior police official said.Surendra Babu, a native of Guntur district established a company Niranthara Amrutha Varshini Marketing Pvt Ltd here in 2006 and got it registered with the Registrar of Firms, Detective Department DCP Praveen Kumar said.
Babu initially attracted people by conducting meetings at his office and lured the gullible customers by offering high returns on various schemes, he said.Initially, he started a scheme in which the customers have to purchase a home appliance product by paying Rs 125 subsequently the same customer had to introduce three new customers for which he would get Rs 75, Kumar said. Gradually, he upgraded the schemes and made the customers believe that his company would give Rs 1,000 per month to them for 12 months.
Surendra Babu spread the schemes among the customers successfully initially and also paid the monthly benefits to first batch. Subsequently, he winded his business without intimating the customers and absconded. As per preliminary investigations, Surendra Babu allegedly cheated many customers to a tune of Rs 12 crore through the schemes of multi-level marketing, Kumar said.A case has been registered against Surendra Babu under various sections of the IPC and Prize Chits and Money Circulation Act (Banning) and further investigations are on.
Sakshi News paer : 06/09/2009
Deccan Chronicle : 06/09/2009 "WE LOST VALUABLE TIME DUE TO A FALSE MEDICAL REPORT"
Diagnostic centres in the city are often doling out false test reports sending patients into panic mode. Human error in the medical field has ical field has always been a matter of concern, but for all those who thought tests don't lie -- here's news. Forget second opinions on a diagno sis, it pays to take your medical tests more than once too.
A number of Hyderabadis have become victim to the verdicts of false medical reports that afflicted them with maladies they didn't suffer from! Who would've thought that a 21-year-old girl can suffer from osteoporosis. But that's exactly what dental student Zahra Punjani's reports diagnosed her with. "I got a couple of tests done at Vijaya Diagnostic Centre, Himayathnagar. It included an X-ray of my left knee. The reports read -Osteoporosis in "both" knees, when an X-ray of only one knee was taken. When I raised this doubt with the person who handed over the X-ray report to me, he dismissed it off as a `typing error'! Moreover, Osteoarthritis is a joint disease, which is common after the age of 40. Baffled, I walked out of there. My whole family was heartbroken. But when we decided to consult another doctor, I was told that the report was indeed false."
Furious, Zahra headed back to Vijaya Diagnostics and spoke to the head of the radiology department, who after examining the X-ray, told her that she would be given the "correct report" if she returned the "false report" to them. "I spoke to the owner of the diagnostics Centre, Dr Surender Reddy, who told me that it was just a `difference in opinion between doctors' and that while one thought it was a case of osteoarthritis the other did not. But fact remains that it is a test and results were in black and white. We were put through a lot of trauma due to the wrong test results."
Vishan Das, manager of Vijaya Diagnostics, however, completely denies that such an incident took place. "Around 700-800 patients come to our diagnostic centre a single day and we get around 100 samples per day to test. No such case has been brought to our notice, as far as I know." Dr Surender Reddy was unavailable for comment. Not too long ago, a Hyderabadi settled in Bangalore was diagnosed with TB. Her son, P.Gopinath, says, "Six months after the TB medication began, a second round of tests were done in Hyderabad, which proved she actually had lung cancer. We lost a lot of valuable time due to the wrong diagnosis." While the medical fraternity wash their hands off such errors caused due to pure negligence, it is the patients who go through a traumatic experience. Coming to terms with her serious diagnosis was a horrible experience for D. Indiraa, a resident of Noida, who came to visit her parents in Hyderabad recently. "I was suffering from vomiting and headache and I decided to visit Maxivision, Begumpet, for a routine check up. When the reports came, I was told that I have optic atrophy, a condition due to which I could lose my sight eventually. I was shattered at the thought that I might go blind soon. Once in Delhi, I went for a second opinion and the doctor rubbished the frightful diagnosis given by my doctor. I was just recommended corrective glasses!" Dr Kasu Prasad, MD, Maxi Vision Eye Hospital, however, reveals that it is important to get a second test done after the initial diagnosis. "In this particular case, the doctor may have told the patient that she could be suffering from optical atrophy and that she may lose her vision if not treated. Patients are always asked to get a second opinion from a senior doctor before jumping to conclusions. When we give a certain diagnosis, our intention is to make sure our patient doesn't suffer and undergoes necessary treatment."
Eenadu and Sakshi : 06/09/2009
Eenadu 06/09/2009
What is plea bargaining?
Deccan Chronicle: 2/9/2009
The Sujana group companies -- Sujana Metal Products Limited and Sujana Universal Limited -- have admitted that they had presented boosted turnover figures to secure bank loans.
This confession was made by the two public listed companies to strengthen their plea for exemption from paying tax on their second sales, which they said were merely "notional transactions". The Sujana group is owned by Mr Y.S.Chowdary.
SMPL and SUL showed a turnover of about Rs 1,500 crore for the financial year 2004-2005. Now the group says these figures were boosted. In the three subsequent financial years the two companies showed a turnover of Rs 6,300 crore.When the tax authorities issued notices for payment of tax for these years, Sujana presented the same argument of notional transactions. Inquiries by this correspondent revealed that the companies, in separate replies to the show-cause notices issued by the CTD, said: "We are constrained to admit that the purchases as well as our sales are notional and transacted for the purpose of securing book turnover for maintaining working results and to boost up the turnover of the company."
They went on to add, "We are recording transactions of purchases and sales without actually receiving or dispatching goods."
When contacted, Sujana group said it had submitted replies to the show-cause notice. It, however, revealed only a portion of the content of the letter the full text of which is available with the newspaper.
Also, the SMPL director Mr S. Hanumantha Rao in an affidavit in the High Court (WP No 17663 of 2005) said "the transactions are nominal transactions without their (there) being a transfer of goods."
But the Sujana group said the observation was made in a different connotation to substantiate its stand with regard to levy of tax on second sales.
A confidential note circulated at the Regional Economic Intelligence Council in its meeting on August 17, 2009, mentioned the notional sales and boosting up of turnovers by the Sujana group companies.
Andhra Jyothi News paper : 2/9/2009"The following series of curency notes will be fake, be carefull"
Rs.500/- Note : - 2BW, 2AS, 4DG, 4OT, 4BD, 5BS, 6DK, 6AB, 6CW. CBL, 6AV, 6BR, 6BP, 6CH, 7DD, 7CA, 8CS, 8BP, BBS, 8PQ, 8DC, 8BD, 8DP, 8BF, 8AQ, 9BK, 9AS, 9AR, 9PS, 9CS, 9AS, 9AM, 9 AP, 9BR, 9 CM.
Rs.1000/- Note: - 2aQ, 8AC, 7DN, 7AC, 7CN, 9AT.
RBI Filed Criminal Cases against Two Banks. 
